Acadia Healthcare Announces Pricing of Offering of 4,500,000 Shares of Common Stock
May 05 2015 - 5:33PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
the pricing of its previously announced underwritten public
offering of 4,500,000 shares of common stock at a public offering
price of $66.50 per share, for gross proceeds to the Company of
approximately $299.3 million, before the underwriting discount and
offering expenses. In addition, the Company has granted the
underwriters a 30-day option to purchase up to an additional
675,000 shares of common stock at the public offering price less
the underwriting discount. The Company intends to use the proceeds
from the offering to repay outstanding indebtedness on the
revolving line of credit under its existing amended and restated
senior credit agreement, to fund its acquisition activity and for
general corporate purposes.
BofA Merrill Lynch, Jefferies and UBS Investment Bank are acting
as joint book-running managers for the offering, and Citigroup,
Raymond James, RBC Capital Markets, Avondale Partners, Baird and
Craig-Hallum Capital Group are acting as co-managers. The shares of
common stock are being offered pursuant to the Company’s shelf
registration statement on file with the Securities and Exchange
Commission. The offering is made solely by means of a prospectus
supplement and accompanying prospectus, copies of which may be
obtained by contacting: (i) BofA Merrill Lynch, 222 Broadway, New
York, New York 10038, Attn: Prospectus Department or by e-mail at
dg.prospectus_requests@baml.com; (ii) Jefferies, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, by telephone at (877) 547-6340 or by e-mail at
prospectus_department@jefferies.com; or (iii) UBS Securities LLC,
Attention: Prospectus Department, 1285 Avenue of the Americas, New
York, NY 10019, or by telephone at (888) 827-7275.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities in any
jurisdiction in which such offer, solicitation or sale is
unlawful.
Forward-Looking Statements
This news release contains forward-looking statements. Generally
words such as “may,” “will,” “should,” “could,” “anticipate,”
“expect,” “intend,” “estimate,” “plan,” “continue,” and “believe”
or the negative of or other variation on these and other similar
expressions identify forward-looking statements. These
forward-looking statements are made only as of the date of this
news release. The Company does not undertake to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking statements
are based on current expectations and involve risks and
uncertainties.
About Acadia
Acadia is a provider of inpatient behavioral healthcare
services. Acadia operates a network of 208 behavioral healthcare
facilities with approximately 8,600 beds in 37 states, the United
Kingdom and Puerto Rico. Acadia provides psychiatric and chemical
dependency services to its patients in a variety of settings,
including inpatient psychiatric hospitals, residential treatment
centers, outpatient clinics and therapeutic school-based
programs.
Acadia Healthcare Company, Inc.Brent Turner, President,
615-861-6000
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